Las Animas - Bent County Library District

HB 10-1183 created an Alternative School Funding Model Pilot Program which encouraged districts and charter schools to test alternative models of school funding by collecting data to show the effects a model would have if it were implemented.

The purpose of this booklet is to help readers understand how Colorado finances its public elementary and secondary schools. The major focus of this booklet is an explanation of the funding formula included in the Public School Finance Act of 1994, including amendments made to the act in 2005.

Colorado statutes require that the Financial Policies and Procedures Handbook be used by every school district in the development of the budget, in the keeping of financial records and in the periodic presentation of financial information to the board of education of the district.